Shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX – Get Rating) have received a consensus rating of "Hold" from the five research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $6.50.
Several brokerages have recently weighed in on BSMX. Scotiabank downgraded shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México from an "outperform" rating to an "underperform" rating in a research note on Monday, October 24th. StockNews.com raised shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México from a "hold" rating to a "buy" rating in a report on Thursday, November 24th.
Get Banco Santander México S.A. Institución de Banca Múltiple Grupo Financiero Santander México alerts:Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México Stock Performance
Shares of BSMX opened at $6.00 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.91. The stock has a market cap of $8.14 billion, a P/E ratio of 6.52, a PEG ratio of 0.43 and a beta of 1.15. The company has a 50-day moving average of $5.92 and a two-hundred day moving average of $5.47. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México has a 12-month low of $4.52 and a 12-month high of $6.29.
Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX – Get Rating) last issued its quarterly earnings results on Thursday, October 27th. The bank reported $0.30 EPS for the quarter, topping the consensus estimate of $0.21 by $0.09. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México had a net margin of 17.63% and a return on equity of 15.63%. The firm had revenue of $1.11 billion during the quarter. As a group, research analysts predict that Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México will post 0.94 EPS for the current fiscal year.Hedge Funds Weigh In On Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México
Institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC bought a new position in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México during the 1st quarter valued at about $78,000. Cerity Partners LLC acquired a new position in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México in the second quarter worth about $92,000. Philadelphia Financial Management of San Francisco LLC acquired a new position in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México in the first quarter worth about $1,056,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México by 20.2% in the first quarter. JPMorgan Chase & Co. now owns 796,300 shares of the bank's stock worth $4,173,000 after purchasing an additional 133,623 shares in the last quarter. Institutional investors own 10.91% of the company's stock.
About Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México
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Banco Santander México, SA, Institución de Banca Múltiple, Grupo Financiero Santander México provides various banking products and services in Mexico. The company operates through Retail Banking and Corporate and Investment Banking segments. It offers various deposit products, such as current accounts, savings accounts, and time deposits, as well as certificates of interbank deposits; and payroll loans, personal loans, credit cards, mortgages, and insurance brokerage services.
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